Marcus Wright Mortgage
Español (682) 403-3406 Apply now
Self-employed & other income

Profit-and-loss (P&L) mortgage

The short answer With a profit-and-loss (P&L) mortgage, a lender reviews your business earnings through an accepted profit-and-loss statement, sometimes along with bank statements or other verification. Rules about who prepares the statement, the period it covers, ownership, and supporting proof differ by lender. It is not a universal substitute for tax returns at every lender.

Last reviewed: October 18, 2026 · General education, not a loan offer or approval. Availability and terms depend on the lender, the property and your file.

It may fit if

  • You own a business and your tax returns do not fully reflect your current earnings.
  • A CPA, tax preparer, or similar professional prepares or can prepare your financial statements.
  • Your business has been operating long enough to show a track record.

Tradeoffs to weigh

  • The P&L must accurately reflect the business and pass the lender's verification.
  • Lender requirements for the preparer and the period covered vary.
  • Costs can be higher than traditional financing, so compare full terms.
  • A letter from your accountant does not ensure approval; the whole file is reviewed.

What to have ready

  • How long your business has been operating and your ownership share.
  • Who prepares your financial statements.
  • A general idea of your business's recent earnings.
  • Your goal: purchase or refinance, and the property type.
  • Questions about taxes are best taken to your tax professional.

Questions people ask

Can I create any income figure on a P&L?

No. The information must accurately reflect the business and meet the lender's verification requirements.

Will a CPA letter ensure approval?

No. The lender evaluates the complete file and the accepted documentation.

Your next step

Tell me what you're trying to do. I'll check which options fit your situation and walk you through the tradeoffs.

Start my applicationTalk to Marcus

Related topics

Bank-statement mortgage 1099-income mortgage Asset-depletion or asset-qualifier mortgage Medical-professional mortgage ITIN mortgage Mortgage with tip income See the loan programs All topics
Marcus Wright
Who you'll work with

You work with me, start to finish.

Marcus Wright · Loan Officer, NMLS #2789841

Originates through Q Mortgage LLC, NMLS #2567464. Licensed in Texas.

Check my license on NMLS Consumer Access

I aim to get back to you within a few working hours, often sooner.

Se habla español. Every page and form here works in Spanish.

How it works

  1. 1. Tell me your goalCall, book a time or send a note. No SSN and no credit check to start a conversation.
  2. 2. I compare your optionsI look at your income, property and plans, and explain the costs and tradeoffs of each route in plain language.
  3. 3. Apply when you're readyYou apply through a secure application. The lender's underwriting makes the final decision, and I keep you updated until closing.
Contact

Let's talk about your loan.

Call, book a time, or send a quick note. Whatever's easiest.

(682) 403-3406Tap to call Pick a timeBook a call on my calendar Weekend timeSat–Sun, 11 a.m.–7 p.m. Central. I confirm it personally. marcus@qmortgage.aiEmail me anytime

Hours Weekdays 8 a.m.–8 p.m. Central. Weekends 11 a.m.–7 p.m. Central by appointment.

I aim to get back to you within a few working hours, often sooner.

Tell me about your loan